Blog & Press

Mobile Money is booming across the globe with a success story to shout about in every country. Kenya is an innovation and technology hub for Mobile Money since the launch of M-Pesa in 2007, which alone managed to flow 43% Kenya’s GDP with over 237 million p2p transactions.

Other countries are showing similar results too; with smartphone and data penetration growing, customers are now finding it convenient & secure to do transactions online or through their smartphones.

MFS’ bastion of disruption has been built on two key principles of “Moving currency electronic” and “multi-channel”. MFS, in essence, is a “middleman” that doesn’t own anything –
it simply facilitates convenient access to fundamental monetary services and range of Value added services through its multi-channel APIs with core peripheral systems viz.
CBS, Remittance hub, merchant systems, in platform and so on.